McHenry overnight.

Higher Valuation Could Cut Taxes

Lake in the Hills — The village could collect as much as 33 percent more in tax revenue next year, and some residents might even see a decrease in their tax bills, trustees were told Tuesday.

The increase is attributed to rapid growth in the community, not tax hikes, said Village Treasurer Paul Carlson. The expected amount of equalized assessed valuation in town increased by about $54 million, he said.

The estimated municipal tax rate dropped slightly more than two-tenths of a percent for the next levy year.